Affordable family homes within commuting distance of London

November 26, 2013 at 1:48 PM 7 comments

If you are looking for an affordable place to buy a family home within commuting distance of London, there are some hidden gems, according to estate agents.

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The typical value of a home in London has increased by more than £41,000 in the past year to more than £500,000, pricing many people out of buying a home – particularly families needing more space.

But if your job is in London, you may need to be as close as possible to the capital to keep commuting times to a minimum.

Reading and Southampton are among the areas highlighted as the most attractive places to live in Britain in a recent report. They are within commuting distance of London and still offer three bedroom family homes in the region of £350,000.

The report by accountants PriceWaterhouseCoopers and the think tank Demos found the Berkshire town of Reading has the highest standard of living due to factors such as good health and a life work balance.

In Aldermaston, a village just outside of Reading, it is possible to buy a three bedroom family home for £385,000, according to Nick Smirthwaite, of estate agents Sansome & George.

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Smirthwaite said: “The property is a good size, with all the bedrooms being doubles.

“It has a great lounge, with a woodburner – which would be ideal to sit in front of with a glass of port.”

The property also has a modern bathroom, with a reasonably sized garden to the side of the property.

Smirthwaite points out that the property is next to a shop where customers park as well as being near a roundabout. “It gets busy around home time, but otherwise it is very quiet. It is a very nice property and I’d move into it tomorrow,” he says.

He explained Aldermaston is an old village with a basic infrastructure, which attracts a mix of people from young couples to retirees.

“If you picked that up and put it in nearby Mortimer, you would add another £100,000 to the price,” he said.

Elsewhere, between Southampton and Basingstoke, buyers can find a four bedroom property for sale at £375,000.

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Alec Fry, of the Winchester branch of estate agents Hamptons International, said: “This four bedroom property in Sutton Scotney represents great value for money when you consider that it’s recently been refurbished and has off street parking.

“The area is well known for its good schools and links to the South – four miles from Micheldever and six miles from Winchester station and with links to London Waterloo in just over an hour, this is decent buy in a great location.”

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Entry filed under: For sale, House Prices. Tags: , , , , , , , , , , , .

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7 Comments Add your own

  • 1. Matthew  |  November 26, 2013 at 2:37 PM

    I live in Newark, Nottinghamshire, and Kings Cross is about an hour away by train, which I think would take about the same time to travel across London, when busy. The houses are far less expensive here, and the life style is magnificent!

    Reply
    • 2. Myra Butterworth  |  November 26, 2013 at 2:51 PM

      Hi Matthew, Newark sounds like a great place and from the Zoopla website, I can see that it is possible to get a three bedroom family home for less than £135,000: http://tinyurl.com/ptnoln3

      Reply
  • 3. Bak Steen  |  November 26, 2013 at 2:49 PM

    What about Oundle, Northants? Easy high speed train ride from Peterborough to London, great schools, market town and much lower prices.

    Reply
    • 4. Myra Butterworth  |  November 26, 2013 at 2:54 PM

      Hi Bak, lovely to hear from you. I can see from the Zoopla website that it is possible to buy a three bedroom family home for less than £130,000: http://tinyurl.com/loybkat

      Reply
  • 5. Natalie Doncaster  |  November 27, 2013 at 9:01 AM

    My boyfriend and I have just moved from Fulham to Huntingdon as we couldn’t afford a bigger place in London. We are buying a 4-bed detached house for the same price as our 1-bed flat and the commute to Canary Wharf is only 15 minutes longer than it was from Fulham!

    Reply
  • 6. Confused by Zoopla experts (so called)  |  December 2, 2013 at 9:45 PM

    Lost for words with regards to Zoopla valuation….one week its’ up by 7k, week later it’s down by 12k…..would love a decent response to why when all we hear is how much property is going UP in value that Zoopla valuations go up and down like a yoyo…..maybe I need a new job,

    Reply
    • 7. Myra Butterworth  |  December 3, 2013 at 10:58 AM

      The Zoopla Estimate is our assessment of the market value of a home on any given day, calculated using a proprietary algorithm (secret formula) that continuously analyses millions of data points relating to property sales and home characteristics throughout the UK. For more information about our valuations, please visit http://www.zoopla.co.uk/property/estimate/about/

      Reply

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